The next is the July 2018 Governement Accountability Office report, Committee on Foreign Investment inwards the United States: Action Needed to Address Evolving National Security Concerns Facing the Department of Defense. The Department of Defense (DOD) faces challenges identifying in addition to addressing evolving national safety concerns posed past times roughly unusual investments inwards the United States.
Resources: DOD’s Office of Manufacturing in addition to Industrial Base Policy represents the subdivision in addition to coordinates DOD’s participation on the Committee on Foreign Investment inwards the US (CFIUS). As a commission member, DOD co-leads CFIUS’s review in addition to investigation of transactions betwixt unusual acquirers in addition to U.S. businesses where it has expertise. DOD co-led 99 transactions inwards calendar twelvemonth 2017, or 57 per centum to a greater extent than transactions than it co-led inwards 2012, land the annual authorized positions increased from 12 to 17 during that same fourth dimension period. DOD’s workload has too been affected past times the book in addition to complexity of the transactions it is responsible for co-leading, inwards add-on to other CFIUS responsibilities, such equally identifying transactions that unusual acquirers create non voluntarily file amongst CFIUS. DOD has taken roughly steps to address its resources limitations, but has non fully assessed the department-wide resources needed to address its growing workload/
Emerging Technology in addition to Proximity: DOD officials identified roughly investments that pose national safety concerns from unusual acquirers gaining access to emerging technologies or existence inwards unopen proximity to critical military machine locations, which, according to officials, cannot e'er endure addressed through CFIUS because the investments would non number inwards unusual command of a U.S. business. DOD in addition to Department of the Treasury (Treasury) officials said addressing these investments may require legislative action. DOD is taking steps to pose critical emerging technologies in addition to military machine locations that should endure protected from unusual investment. However, DOD has non fully assessed risks from these types of unusual investment or what additional authorities, if any, may endure necessary for it to address them.
Policy: DOD’s CFIUS Instruction does non clearly pose roughly reviewer responsibilities or processes for identifying transactions that unusual acquirers create non voluntarily file amongst CFIUS. The policy is too outdated in addition to inconsistent amongst electrical flow practices. DOD’s CFIUS Instruction in addition to federal internal command standards emphasize the importance of assessing organizational structures, policies, in addition to procedures to response to risks. Without assessing resources needed to address its CFIUS workload in addition to risks from unusual investment inwards emerging technologies or inwards proximity to critical military machine locations, in addition to ensuring its policies in addition to processes clearly reverberate the issues facing the department, DOD is at run a hazard of existence unable to response to evolving national safety concerns.
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